Vaughan Nelson Investment Management L.P. Sells 2,347,300 Shares of Carnival Co. & plc (NYSE:CCL)

Vaughan Nelson Investment Management L.P. decreased its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 84.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 432,800 shares of the company's stock after selling 2,347,300 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in Carnival Co. & were worth $8,452,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Carnival Co. & by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after purchasing an additional 4,458,329 shares during the period. Geode Capital Management LLC boosted its position in Carnival Co. & by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock worth $627,053,000 after purchasing an additional 1,201,256 shares during the period. Nuveen Asset Management LLC boosted its position in Carnival Co. & by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock worth $569,423,000 after purchasing an additional 5,761,489 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Carnival Co. & by 4.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock worth $464,747,000 after purchasing an additional 877,694 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Carnival Co. & by 17.7% during the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock worth $450,977,000 after purchasing an additional 2,720,096 shares during the period. Institutional investors own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CCL shares. BNP Paribas started coverage on Carnival Co. & in a research report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price objective for the company. HSBC raised Carnival Co. & from a "reduce" rating to a "hold" rating and set a $24.00 price objective for the company in a research report on Friday, May 16th. Northcoast Research started coverage on Carnival Co. & in a research report on Friday, April 25th. They issued a "neutral" rating for the company. Citigroup increased their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Finally, Mizuho increased their price objective on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, March 24th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Carnival Co. & currently has a consensus rating of "Moderate Buy" and an average target price of $26.58.

Carnival Co. & Price Performance

Shares of CCL stock opened at $22.39 on Monday. The stock's fifty day moving average is $20.92 and its 200-day moving average is $22.90. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock has a market capitalization of $26.12 billion, a PE ratio of 16.11, a PEG ratio of 0.73 and a beta of 2.58. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.14) earnings per share. Equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Carnival Co. & Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

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